Personal Finance Print

RERAs can accord 6-month extension for completion, execution of projects

Sitharaman said COVID-19 be treated as a force majeure event by regulatory authorities in case of real estate, and therefore to that extent authorities can be flexible about the execution of the contr

Get more in-hand salary now as Modi govt cuts EPF contribution – Check details

It is necessary to provide more take-home salary to employees and also to give relief to employers in payment of provident fund dues.

The Employees' Provident Fund & Miscellaneous Provisions Act, 1952 makes it mandatory for factories and other establishments having 20 or more employees earning less than Rs 15,000 monthly wage to join the EPF scheme.

Cut in TDS/TCS to ensure Rs 50,000-crore liquidity

TDS is the second-largest component of total direct tax collection after advance tax, and accounted for nearly 38% of FY19 collections.

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How to deal with income disruptions due to Covid crisis: 5 ways

If that too proves insufficient or infeasible, then follow these options with a step-by-step approach to deal with income disruptions and liquidity mismatches.

The first logical step would be to take soft loans from friends or relatives.

Will RBI extend Home, Personal loan EMI moratorium? How to pay Credit card dues – Queries answered

Personal Finance Queries: As soon as you have sufficient cash flows/ surplus funds, pay off the pending EMIs along with accrued additional interest.

The RBI will soon be out with its decision on the recommendations for extension of the moratorium on term loans for another three months.

Employees Provident Fund withdrawal: How to withdraw non-refundable advance from EPF account

To avoid delay or rejection of claims, an EPF member must ensure that his UAN is validated with Aadhaar and KYC of bank account and the mobile number is seeded in UAN

This is required to ensure that the bank account number uploaded in the KYC is correct and erroneous payments are avoided.

Mutual Fund withdrawal: How can I withdraw money from SIP during COVID-19?

SIP enables an investor to average out the cost of his investments via disciplined purchases, particularly when the market is down.

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Buy or sell stocks of good companies like TCS during Corona crisis? Check what expert says

If you are holding a stock in a good company that has shown progress over the years but is down now because of Covid-19 pandemic, you shouldn’t be too eager to sell your stocks.

Are you withdrawing from Public Provident Fund, NPS, FD, PF, NSC? Must check these tax implications

Public Provident Fund, NPS, FD, PF, NSC Withdrawal for Coronavirus Tax Implications: If you plan to withdraw funds from EPF, PPF, NPS or your fixed deposits, first check rules for permitted withdrawal

Your money: Tips for wealth creation in turbulent times

Common sense, logical thinking, patience, mental balance and emotional intelligence are of essence.

Covid-19 survival package: Cash crunch? Take loan against investments

As a salaried employee, go for non-refundable advance from EPF or take loan against your PPF account. You can also take a loan against your life insurance policy to tide over these difficult times

COVID-19 effect on your nest egg: Five tips to rework your retirement plan

Reduce your debts, cut expenses and choose investment products prudently to build your retirement corpus.

Remember, your investments should be adequately diversified and meant for your long-term financial goals.

Your Money: Health insurance likely to see strong growth in FY21

Though overall growth in health business declined 11% in March, private players are likely to revive in FY2021.

Most major private players slowed down (down 16% y-o-y) while standalone health insurers reported strong growth in premium (up 8% y-o-y).

Debt funds’ AUM take Rs 18k-cr hit in April

The daily AUM of such funds stood at Rs 74,709.11 crore in April, compared with `80,377.59 crore in March — declining Rs 5,668.48 crore.

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Trade unions want timeline for employers on delayed contributions to EPFO

Trade unions are of the view that the retirement fund body should set a definite timeline for employers to deposit the money already deducted from employee’s monthly salary.

The EPFO earlier extended to May 15 the due date for depositing contributions for the wage month of March which was due to be paid by April 15.

Your money: Are we ready for a ‘Pay As You Drive’ motor insurance policy?

While the third-party (TP) premium depends on your vehicle’s cubic capacity (CC), the motor own-damage is calculated basis the RTO/city you reside in and the make year and model of your car.

Remain invested in equities via SIP if you have a long-term horizon

Equity markets in India and across the globe have corrected sharply on concerns over global growth amid the coronavirus outbreak.

Reliance Industries Rating: ‘Buy’ as tech and consumer segments form the new core

Q4 Ebitda was in line with estimates; RIL on track to be debt free by end FY21, which could drive rerating; TP revised to Rs 1,618.

Financial wellness: Tips for investment hygiene in times of Covid-19

An emergency fund equal to 6-12 months of your monthly expenses is the financial equivalent of N95 masks. And check your health insurance plan.

Even as the world worries about the loss of precious life due to pandemic, the investing community worries about losses their portfolios seem to be making.

Should you go for loan moratorium if you can pay your EMI?

Availing of the moratorium will only add to your interest burden eventually. If you have the cash, paying EMIs and credit card bills on time will be beneficial.

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Your Money: Asset allocation and capital allocation — know the difference

The year 2020 is not going to be a year to forget. Understanding the nuances and re-learning the basics is a good thing to do.

Motor insurance: Making third-party cover more equitable

The motor third-party obligation of each insurer should be linked to the number of vehicles insured instead of premium derived from this segment, says Irdai panel.

Your Money: Tips for financial wellness in uncertain times

Contingency planning, taking heath insurance and avoiding unnecessary expenses is critical.

Employers allowed to defer statutory PF contribution

The EPFO has already extended to May 15 the due date for depositing statutory contributions for the wage month of March, due by April 15.

The EPFO collected Rs 1,63,176 crore (revised estimate) as compulsory contribution from enterprises having 20 or more people on their payroll in FY20.

LOANS: Check out Covid-19-specific personal loans

Banks are offering Covid-19 personal loans only to existing borrowers and pension and salary account holders

Personal loan eligibility depends on borrower’s job profile, monthly income, employer’s profile, credit score, etc.

Lockdown effect: FY2021 will be a volatile year for life insurance

The next two months will be weak and slowdown in Ulips to continue for the rest of the year

We are cutting our FV2020E EV estimate by 1-5% following lower volumes for the period, lower unwinding rate and capital market hits.

Provident Fund Query: Contributing 100% of Basic Salary to VPF; Is it eligible for Section 80C deduction?

VPF is the voluntary contribution by employees towards their provident fund account over and above the 12% contribution towards EPF.

VPF account offers the same interest as the EPF (8.5% for FY20) which is revised annually.
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